Kornitzer Capital Management Inc. KS lowered its position in Oceaneering International, Inc. (NYSE:OII) by 0.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 771,839 shares of the oil and gas company’s stock after selling 3,305 shares during the quarter. Kornitzer Capital Management Inc. KS owned approximately 0.79% of Oceaneering International worth $20,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Shell Asset Management Co. boosted its stake in Oceaneering International by 109.1% in the third quarter. Shell Asset Management Co. now owns 53,055 shares of the oil and gas company’s stock worth $3,458,000 after buying an additional 27,684 shares in the last quarter. SG Americas Securities LLC boosted its stake in Oceaneering International by 48.3% in the second quarter. SG Americas Securities LLC now owns 43,819 shares of the oil and gas company’s stock worth $1,001,000 after buying an additional 14,270 shares in the last quarter. Personal Capital Advisors Corp boosted its stake in Oceaneering International by 14.4% in the third quarter. Personal Capital Advisors Corp now owns 93,647 shares of the oil and gas company’s stock worth $2,460,000 after buying an additional 11,818 shares in the last quarter. Schroder Investment Management Group boosted its stake in Oceaneering International by 10.0% in the second quarter. Schroder Investment Management Group now owns 425,177 shares of the oil and gas company’s stock worth $9,635,000 after buying an additional 38,535 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Oceaneering International by 1.0% in the second quarter. Vanguard Group Inc. now owns 8,459,942 shares of the oil and gas company’s stock worth $193,226,000 after buying an additional 81,313 shares in the last quarter. 99.64% of the stock is owned by institutional investors and hedge funds.

Oceaneering International, Inc. (NYSE OII) opened at $21.09 on Monday. The company has a quick ratio of 2.14, a current ratio of 2.67 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $2,044.20, a price-to-earnings ratio of 693.33 and a beta of 1.64. Oceaneering International, Inc. has a twelve month low of $17.11 and a twelve month high of $32.12.

Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The firm had revenue of $476.12 million during the quarter, compared to the consensus estimate of $511.14 million. Oceaneering International had a positive return on equity of 0.21% and a negative net margin of 0.94%. Oceaneering International’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.17 EPS. equities analysts forecast that Oceaneering International, Inc. will post -0.07 EPS for the current year.

In other Oceaneering International news, VP W Cardon Gerner sold 2,000 shares of the stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $25.76, for a total value of $51,520.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.91% of the stock is currently owned by corporate insiders.

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OII has been the subject of a number of analyst reports. Barclays PLC initiated coverage on Oceaneering International in a research note on Friday, October 6th. They set an “equal weight” rating and a $28.00 price objective for the company. Piper Jaffray Companies reissued an “overweight” rating and set a $28.00 price objective (up previously from $26.00) on shares of Oceaneering International in a research note on Tuesday, October 3rd. Royal Bank Of Canada reissued a “sell” rating and set a $25.00 price objective on shares of Oceaneering International in a research note on Thursday, July 20th. J P Morgan Chase & Co dropped their price objective on Oceaneering International from $22.00 to $21.00 and set an “underweight” rating for the company in a research note on Tuesday, September 12th. Finally, ValuEngine raised Oceaneering International from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Seven equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $24.84.

Oceaneering International Company Profile

Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).

Institutional Ownership by Quarter for Oceaneering International (NYSE:OII)

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